Needham & Company LLC Begins Coverage on Cohu (NASDAQ:COHU)

Needham & Company LLC assumed coverage on shares of Cohu (NASDAQ:COHU) in a research note issued to investors on Thursday, TipRanks reports. The brokerage issued a buy rating and a $22.00 price target on the semiconductor company’s stock.

Other analysts also recently issued reports about the company. BidaskClub raised Cohu from a hold rating to a buy rating in a research note on Thursday. Cowen started coverage on Cohu in a research report on Friday, April 17th. They issued an outperform rating and a $20.00 price target for the company. Deutsche Bank lifted their price objective on shares of Cohu from $18.00 to $21.00 and gave the stock a buy rating in a report on Tuesday, July 28th. Stifel Nicolaus dropped their price target on shares of Cohu from $30.00 to $19.00 and set a buy rating on the stock in a research report on Tuesday, April 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Cohu from a hold rating to a strong sell rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $23.00.

Shares of COHU stock opened at $18.83 on Thursday. The company has a current ratio of 2.87, a quick ratio of 1.95 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $16.98 and a two-hundred day simple moving average of $17.59. Cohu has a 12 month low of $8.89 and a 12 month high of $26.43. The firm has a market capitalization of $785.27 million, a PE ratio of -15.69 and a beta of 1.88.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Cohu had a negative net margin of 8.75% and a positive return on equity of 0.11%. The firm had revenue of $144.08 million during the quarter, compared to analysts’ expectations of $143.30 million. On average, equities analysts predict that Cohu will post -0.03 earnings per share for the current fiscal year.

In other news, Director William Bendush sold 4,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $15.28, for a total transaction of $68,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.07% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in Cohu in the 1st quarter valued at approximately $31,000. Advisor Group Holdings Inc. bought a new position in shares of Cohu in the first quarter worth $73,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Cohu by 81.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,335 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 1,948 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Cohu during the 1st quarter valued at $128,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Cohu by 23.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,860 shares of the semiconductor company’s stock valued at $134,000 after purchasing an additional 2,069 shares during the period. Institutional investors own 90.32% of the company’s stock.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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Analyst Recommendations for Cohu (NASDAQ:COHU)

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